• JPMorgan Competition, Turkey Wealth Fund, EU Law's Limits: CEO Daily for September 12, 2018

    2 monthes ago - By Fortune

    Good morning.
    Having made a fortune in hedge funds, Ray Dalio has now turned to the less lucrative business of book writing. His first- Principles -was a success among the CEO crowd, describing among other things his devotion to the management practice of radical candor. This week, book two comes out- A Template for Understanding Big Debt Crises. I've read the galleys, and can't claim it's a page turner. But it is a systematic and smart analysis of various debt crises in history-48 of them, to be exact-and it helps explain why Dalio's investments performed so well in the last one.
    What...
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  • Turkey's Autocratic President Has Named a New Chair of Its Sovereign Wealth Fund: Himself

    2 monthes ago - By Fortune

    President Recep Tayyip Erdogan appointed himself chairman of Turkey's sovereign wealth fund and got rid of the entire management staff that had presided over two years of inaction.
    Zafer Sonmez, head of Turkey and Africa for Malaysia's government investment vehicle Khazanah Nasional Bhd, was named general manager. Treasury and Finance Minister Berat Albayrak, Erdogan's son-in-law, will also sit on the board, according to a decree published in the Official Gazette.
    The overhaul comes two years after the fund was formed to try and capitalize on state assets and put a lid on market turmoil in...
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